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I was recently fortunate enough to have the opportunity to interview Dale Siegel, author of The New Rules for Mortgages . We exchanged emails in a Q&A format on the subject of mortgages, the housing market, etc. Here are her responses to my questions. Lending Guidelines Frugal Dad : Lenders used to operate under a 28/36 mortgage-to-income/debt-to-income ratio when calculating maximum mortgage eligibility. How has the housing bubble affected those ratios for lenders? Dale : Len

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Random Feed wrote an interesting post today on
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(This article comes from the latest issue of LAWPRO’s new Webzine and magazine .) Almost every day LAWPRO receives calls and emails from lawyers who are acting on files that are possible or obvious frauds. The types of sham matters targeting lawyers range from collections and commercial loans to real estate and mortgage transactions. Based on feedback, we believe that lawyers and law office staff are generally more aware of the red flags that warn of potential fraud. Lawyers are more often

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Random Feed wrote an interesting post today on
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major article – Taylor Bean – With a Quick Rise, Hard Fall, Home Lender Marked an Era – BY JAMES R. HAGERTY AND NICK TIMIRAOS – Wall Street Journal and Taylor Bean Emails – a collection – Wall Street Journal ———— How Independent Mortgage Bankers Can Survive The Warehouse Crisis – BY MARY KLADDE AND RUTH LEE – (good article, has history, suggest private equity and community banks BC) - MortgageOrb Titan Lenders Corp. in Denver Titan Lenders Blog

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Random Feed wrote an interesting post today on
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My latest article for Inman News spoke to the new rules for appraising properties ushered in through what is known as the Home Valuation Code of Conduct, or HVCC. The comments on that post and the firestorm of emails I received as a result all shared the same sentiment - bad idea. Since Inman is a subscriber news service, I can’t link. But at great personal risk (I am not, technically, supposed to republish since the content there is supposed to be “original”), I am going to reprint the art

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wrote an interesting post today on
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I received a surprisingly large number of emails after writing my last article entitled Housing Has Dropped And Rates Are Low - Should I Buy A House? so I thought I’d devote a blog post to addressing some of these mails. I was kind of shocked because the majority of emails that I received were in favor of purchasing a house right now despite the mathematical analysis that I performed in my last article. So I went ahead and picked some of the strongest arguments from these emails to addre

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